Strategic Sourcing Manager

HSBC; Birmingham; On-site; GBP 80,000 - 100,000; Full time

Job summary

A major banking and financial services organization in the UK is seeking a Strategic Sourcing Manager to drive sourcing initiatives and negotiate contracts. The successful candidate will have a strong procurement background, communication skills, and the ability to manage multiple projects. This role offers competitive pay and benefits including private healthcare and a contributory pension scheme. Opportunities for professional development are also available.

Benefits

Private healthcare

Enhanced maternity and adoption pay

Contributory pension scheme

Qualifications

• Hands-on experience running sourcing projects across multiple categories.
• Proven ability to negotiate contracts effectively.
• Strong ability to engage and influence business partners.

Responsibilities

• Lead sourcing initiatives across a range of categories.
• Drive cost savings through effective negotiation.
• Build relationships with business partners to translate needs into solutions.
• Apply best practices to mitigate risks.
• Identify opportunities for additional savings post-contract.

Skills

Procurement experience

Contract negotiation

Communication skills

Analytical thinking

Project management

Job description

Strategic Sourcing Manager

If you’re looking for a career that will help you stand out, join HSBC, and fulfil your potential - whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Strategic Sourcing Manager.

At HSBC, our Procurement team is central to unlocking value for the business, driving competitive advantage through smarter sourcing, innovation, and effective supplier partnerships. We are seeking a Strategic Sourcing Manager who can deliver impactful sourcing projects, balancing cost savings with lifecycle value, innovation, and risk management.

This role offers the opportunity to work across multiple categories, engage with senior stakeholders, and shape commercial outcomes that directly benefit the bank and its customers.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

In this role, you will:

• Lead sourcing initiatives across a range of categories, ensuring competitive outcomes, lifecycle value, and alignment with category strategies.
• Drive cost savings and commercial protection through effective negotiation, contract structuring, and supplier engagement.
• Build strong relationships with business partners, translating needs into sourcing solutions and ensuring outputs are embedded into operations.
• Apply sourcing best practices to mitigate commercial, contractual, and operational risks while maintaining policy compliance.
• Identify post‑contract opportunities with supplier managers to unlock additional savings, innovation, and service improvements.

To be successful in this role you should meet the following requirements:

• A strong background in procurement, ideally with hands‑on experience of running sourcing projects across multiple categories.
• A proven ability to negotiate contracts and secure commercial outcomes that balance cost, risk, and business value.
• Strong communication and influencing skills, with the ability to engage business partners, challenge requirements, and deliver win‑win outcomes.
• Capable of applying advanced market insight and analytical thinking to shape sourcing strategies and resolve complex challenges.
• Able to manage multiple projects, adapt to changing priorities, and consistently deliver on savings and service commitments.

This role can be based in Sheffield or Birmingham.

Opening up a world of opportunity

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk:

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